How to Apply for a Fido Loan Using the Short Code - FootBallNews (2023)

fido loan short code – Fido is a mobile money lending app that offers quick and easy loans to customers in Ghana. Fido loans are convenient, flexible, and affordable, with no collateral or guarantor required. You can apply for a Fido loan using your smartphone and get the money in your mobile money account within minutes.

But what if you don’t have a smartphone or don’t want to download the Fido app? Is there another way to apply for a Fido loan? The answer is yes! You can use the Fido shortcode to apply for a loan using any phone, even a basic feature phone. If you need a loan apart from fido and you are in Nigeria see List of Lapo Microfinance Bank Loans 2023.

In this article, we will show you how to use the Fido shortcode to apply for a loan and answer some frequently asked questions about it.

What is the Fido short code?

The Fido short code is *711*666#. This code works on all mobile networks in Ghana, so whether you are on MTN, Vodafone, AirtelTigo, or Glo, you can use it to apply for a Fido loan. You can also learn . The Fido short code is free of charge and does not require any internet connection.

How to use the Fido short code to apply for a loan?

To use the Fido short code to apply for a loan, follow these simple steps:

1. Dial *711*666# on your phone and wait for the menu to appear.
2. Select option 1 (Apply for loan) and press send.
3. Enter your full name and press send.
4. Enter your date of birth (DD/MM/YYYY) and press send.
5. Enter your Ghana card number and press send.
6. Enter your email address (optional) and press send.
7. Enter your preferred loan amount (between GHS 200 and GHS 1000) and press send.
8. Enter your preferred loan term (between 10 and 33 days) and press send.
9. Review the loan details and accept the terms and conditions by pressing 1 and sending.
10. Enter your mobile money number (the same number you used to dial the short code) and press send.
11. Confirm your mobile money number by pressing 1 and sending.
12. Wait for a confirmation message from Fido with your loan status.

If your loan application is approved, you will receive the money in your mobile money account within minutes. You will also receive an SMS with your loan repayment details and due date.

How to repay your Fido loan using the short code?

To repay your Fido loan using the short code, follow these steps:

1. Dial *711*666# on your phone and wait for the menu to appear.
2. Select option 2 (Repay loan) and press send.
3. Enter your mobile money PIN and press send.
4. Wait for a confirmation message from Fido that your loan has been repaid.

You can also repay your Fido loan using any other mobile money service or bank transfer. Just make sure you use your Fido reference number as the payment description. If you are in Nigeria, you can try Easemoni Loan USSD: A Quick Guide to Accessing Funds via USSD.

What are the benefits of using the Fido short code?

Using the Fido short code to apply for a loan has several benefits, such as:

– It is fast and easy: You can apply for a loan in less than 5 minutes using any phone, without downloading any app or visiting any website.
– It is convenient and accessible: You can apply for a loan anytime and anywhere, as long as you have network coverage and mobile money balance.
– It is secure and reliable: You don’t have to share any personal information or documents with anyone, except your Ghana card number which is used to verify your identity.

What are the drawbacks of using the Fido short code?

Using the Fido short code to apply for a loan also has some drawbacks, such as:

– It is limited in features: You can only apply for a maximum of GHS 1000 using the short code, while you can apply for up to GHS 2000 using the app. You also cannot access other features such as checking your loan balance, extending your loan term or referring friends using the short code.
– It is dependent on network availability: You may experience delays or errors if there is poor network coverage or congestion when using the short code.

Conclusion

The Fido short code is a handy alternative way to apply for a Fido loan using any phone, without downloading any app.

Frequently Asked Questions about Fido Loan Short Code

Fido is a financial service provider that offers fast and easy loans to customers in Ghana. Fido uses a short code, *515#, to enable customers to apply for loans, check their loan status, repay their loans, and access other services. In this blog post, we will answer some of the most frequently asked questions about Fido loan short code.

Q: How do I apply for a Fido loan using the short code?
A: To apply for a Fido loan using the short code, you need to have a valid Ghanaian ID card (voter’s ID, passport, driver’s license, or national ID), a mobile money account with MTN, Vodafone, or AirtelTigo, and a smartphone with internet access. You also need to be at least 18 years old and have a regular source of income. To apply, follow these steps:

• Dial *515# on your phone and select “Apply for a loan”.
• Enter your ID card number and type.
• Enter your mobile money number and network.
• Enter your date of birth and gender.
• Enter your full name and email address (optional).
• Enter your occupation and monthly income.
• Choose the loan amount and duration you want.
• Review the loan terms and conditions and accept them.
• Wait for a confirmation message from Fido with your loan status.

Q: How do I check my loan status using the short code?
A: To check your loan status using the short code, dial *515# on your phone and select “Check loan status”. You will see your loan balance, due date, repayment amount, and repayment options.

Q: How do I repay my loan using the short code?
A: To repay your loan using the short code, dial *515# on your phone and select “Repay loan”. You will see the repayment amount and options. You can choose to repay with your mobile money account or with a voucher. If you choose to repay with your mobile money account, you will receive a prompt to enter your PIN and confirm the payment. If you choose to repay with a voucher, you will need to buy a Fido voucher from any Fido agent or partner outlet and enter the voucher code.

Q: How do I access other services using the short code?
A: To access other services using the short code, dial *515# on your phone and select “Other services”. You will see options such as:

– Refer a friend: You can refer a friend to Fido and earn a bonus when they take their first loan.
– Check referral bonus: You can check how much bonus you have earned from referring friends to Fido.
– Contact us: You can contact Fido customer service for any queries or complaints.
– About us: You can learn more about Fido and its mission.

We hope this blog post has answered some of your questions about Fido loan short code. If you have any more questions, feel free to contact us at info@fidocredit.com or call us on 0302 999 999. Thank you for choosing Fido!